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Good news! Preston – alternative to the big city arrives (FT 23 February 2011)

25 February 2011

A heartening article appeared in the FT this week focusing upon Preston.

Apparently the first speculative office development in Lancashire since the recession hit is happening on the edge of the city and not the 'shabby centre' ( note: please get that Tithebarn project going).

The office development relates to the South Preston Office Village which is now 90% let at £17 per square foot! Possibly a few rent free deals thrown in here to achieve the £17.

However, of particular interest in the article is the fact that Preston is only one of three northern cities to feature in the top 10 of private sector growth during the past decade - a list compiled by the Centre for Cities think-tank.

Preston generated 17,100 private sector jobs in the decade to 2008. Not bad for a city with a population of 132,000.

Bede Mullen, head of knowledge transfer at UCLAN, acknowledges the role played by the university not just in creating jobs but in inspiring new enterprise. Research shows UCLAN are fifth best in the country at generating student businesses with 300 registered start ups and 131 in the last year alone. Many are housed in the business incubation unit.

Bede will be a guest speaker at the prestigious Leader's Luncheon co-hosted by haleys on Friday 4th March at Preston Grasshoppers.

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